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Thread: Trump Tax Reform

  1. #16
    TOL Legend Ktoyou's Avatar
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    Quote Originally Posted by WonderfulLordJesus View Post
    When the deficit is paid off? If that's standup comedy, don't quit your day job. If you believe the U.S. debt is going to be paid off, you are far gone or very math challenged. And how lame is it, to say somebody is wrong, when you've delivered nothing of the impossible? There's simply nothing more one can say to that.
    If the national debt grows, then what happens to individual bonds and bond funds?
    Quote Originally Posted by marhig View Post
    Christian theology isn't to be in Christ.


    So, what?

    believe it!

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    Quote Originally Posted by patrick jane View Post
    No more death tax !!!
    Expecting a large inheritance?
    http://theologyonline.com/showthread...=1#post5074777
    http://theologyonline.com/showthread...=1#post4983551
    Elect a clown and you get a circus!
    if Trump had half a wit he would be a half wit if Trump had half a wit he would be a half wit if Trump had half a wit he would be a half wit if Trump had half a wit he would be a half wit

  4. #18
    Over 1000 post club WonderfulLordJesus's Avatar
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    Quote Originally Posted by patrick jane View Post
    Hate Trump much?
    Not at all. It's rather a case of your demagogue worshiping, like with the deficit, without a clue as to the facts of the balance sheet and the enormous problems that will get more enormous. Trump says so, and you don't even really need to ask how the numbers are going to reconcile, where the rubber meets the road. You like little campaign slogans and look at adult questions as a matter of partisan rancor or a personality contest, when facts are facts. Trump has not, out of the gate, produced anything that will resolve the deficit, only what, in fact, failed Reagan. But you don't like facts or details. You really shouldn't make that my problem, that I'm slandering your demagogue, as you slander me, without a scintilla of how your claims will be made true. Please run your numbers for everybody.

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    Quote Originally Posted by Foxfire View Post
    Expecting a large inheritance?
    Huge
    1 Corinthians 15:1-2 KJV - 1 Corinthians 15:3-4 KJV -


    Colossians 1:13-14 KJV - Colossians 1:15-16 KJV - Colossians 1:17-18 KJV -

    Colossians 1:19-20 KJV - Colossians 1:21-22 KJV - Colossians 1:23 KJV -

    Colossians 1:25-26 KJV 27, 28, 29 - Ephesians 1:7 KJV - Ephesians 1:12-13, 14 -



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    Quote Originally Posted by patrick jane View Post
    Huge
    http://theologyonline.com/showthread...=1#post5074777
    http://theologyonline.com/showthread...=1#post4983551
    Elect a clown and you get a circus!
    if Trump had half a wit he would be a half wit if Trump had half a wit he would be a half wit if Trump had half a wit he would be a half wit if Trump had half a wit he would be a half wit

  9. #21
    TOL Legend patrick jane's Avatar
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    Quote Originally Posted by Foxfire View Post
    My inheritance from God
    1 Corinthians 15:1-2 KJV - 1 Corinthians 15:3-4 KJV -


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    Colossians 1:19-20 KJV - Colossians 1:21-22 KJV - Colossians 1:23 KJV -

    Colossians 1:25-26 KJV 27, 28, 29 - Ephesians 1:7 KJV - Ephesians 1:12-13, 14 -



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    Trump's first 100 days have been amazingly successful !!!
    1 Corinthians 15:1-2 KJV - 1 Corinthians 15:3-4 KJV -


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    Colossians 1:25-26 KJV 27, 28, 29 - Ephesians 1:7 KJV - Ephesians 1:12-13, 14 -



  11. #23
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    I wonder if the GOP will give up on their tax reform as easily as they did on the healthcare bill.

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    Quote Originally Posted by kmoney View Post
    I wonder if the GOP will give up on their tax reform as easily as they did on the healthcare bill.
    I think they need to cut the corporate taxes. As to individual taxes, it seems any large cuts to the most wealthy will not be received well, and as corporate tax cuts do benefit the wealthy, in their investments, such additional tax cuts would seem to favor the wealthy more than would be accepted. He would be stupid to not make individual tax cuts more beneficial to lower income workers.
    Quote Originally Posted by marhig View Post
    Christian theology isn't to be in Christ.


    So, what?

    believe it!

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    Quote Originally Posted by patrick jane View Post
    Trump's first 100 days have been amazingly successful !!!
    trump's success is huuuge!

  15. #26
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    The (mostly) good, the bad, and the ugly in Trump's tax plan
    POSTED BY Norm Singleton April 27, 2017
    Yesterday, *President Trump unveiled *a tax "reform" plan. Here is the (mostly) good, a few bad, and one ugly piece of the plan:
    The Good
    1. Lowers taxes for millions of Americans;
    2. Removes many Americans from the tax rolls;
    3. Lowers the corporate tax rate -- which is currently one of the highest in the world -- to 15%;
    4. Increases the standard deduction from $6,300 to $12,600 for individuals, and* from $12,600 to roughly $24,000 for married couples;
    5. Reduces the tax rate from 39.5% to 35% and collapses the current seven rate system to three rates of 10%, 25%, and 35%;
    6. Allows a one-time reparation to bring millions of dollars of capital into the United States, thus jump-starting job creation and economic growth. (This was also a key feature of Ron Paul's Restore America Now budget plan.);
    7. Provides tax relief for families with child care expenses;
    8. Repeals the Alternative Minimum Tax, which was created in the 1960s to squeeze more revenue out of the "wealthy" but now affects many middle-class taxpayers;
    9. Repeals the death tax;
    10. No VAT;
    11. No border tax;
    12. Repeals ObamaCare's 3.8% tax on investment income;
    13. Preserves the mortgage deduction, which helps reduce the tax burden of middle-class homeowners, and saves charitable deductions.
    The Bad
    1. "Pays for" the tax cuts by eliminating numerous deductions that enable Americans to lower their tax burden. The very notion that tax reduction needs to be "offset" with tax increases is rooted in the idea that the government has some moral claim to a certain percentage of your income and can never lose a penny of revenue.
    Of course, the main reason tax increases are necessary to offset is because of:
    The Ugly
    1. Even with the elimination of tax deductions, many are claiming Trump's tax plan would cause the deficit to skyrocket. Of course, we shouldn't reject Trump's tax plan out-of-hand. Instead, President Trump and Congress should work to merge tax reform with spending cuts.
    President Trump has made a good start on cutting domestic spending in his proposed budget. Unfortunately, he uses those savings to increase the already bloated "defense" budget instead of using the savings to reduce the deficit and provide meaningful tax relief for the American people.
    Here is Tim Carney on the plan.
    Contrary to what many Americans seem to think, the document we now call "the Constitution" and the Declaration of Independence are not pretty much the same thing or "connected in spirit," or "two sides of the same coin." The two documents were written by two different groups of people at two different times to accomplish two totally different goals.

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    Quote Originally Posted by patrick jane View Post
    Trump's new tax reform plan sounds good to me, let's see if the demonrats try to squash it like they do with everything that's good for America -
    Only the conservatives would attempt to blame the Democrats for their own failures - conveniently ignoring the embarrassing fact that they currently control the White House and have majorities in both Houses of Congress!

    If the federal government shuts down tomorrow, it will only further highlight that the Republicans aren't ready for prime time!

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  18. #28
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    Quote Originally Posted by drbrumley View Post
    The (mostly) good, the bad, and the ugly in Trump's tax plan
    POSTED BY Norm Singleton April 27, 2017
    Yesterday, *President Trump unveiled *a tax "reform" plan. Here is the (mostly) good, a few bad, and one ugly piece of the plan:
    The Good
    1. Lowers taxes for millions of Americans;
    If they do raise the 15% bracket it will.
    2. Removes many Americans from the tax rolls;
    3. Lowers the corporate tax rate -- which is currently one of the highest in the world -- to 15%;
    Right, but going from 35% to 15% is going to be hard. We would still be world competitive lowering it to 20%, and it would be more palatable to those who are against it.
    4. Increases the standard deduction from $6,300 to $12,600 for individuals, and* from $12,600 to roughly $24,000 for married couples;

    This would benefit many low income and fixed income persons.
    5. Reduces the tax rate from 39.5% to 35% and collapses the current seven rate system to three rates of 10%, 25%, and 35%;
    I can see why 35% should be the highest tax bracket, yet I agree with having a 10% bracket and a 15% bracket, then 25% for high income earners and 35% for those who are very high income.
    6. Allows a one-time reparation to bring millions of dollars of capital into the United States, thus jump-starting job creation and economic growth. (This was also a key feature of Ron Paul's Restore America Now budget plan.);
    We need to do this to get these profits back into the USA.
    7. Provides tax relief for families with child care expenses;

    This is an important element as we need to help out families as much as possible.
    8. Repeals the Alternative Minimum Tax, which was created in the 1960s to squeeze more revenue out of the "wealthy" but now affects many middle-class taxpayers;

    Yes, this is just a hidden tax
    9. Repeals the death tax;
    Good idea, people deserve what they earn to pass on to their children
    10. No VAT;
    11. No border tax;
    12. Repeals ObamaCare's 3.8% tax on investment income;
    This is one reason why younger people do not invest as much as older generations
    13. Preserves the mortgage deduction, which helps reduce the tax burden of middle-class homeowners, and saves charitable deductions.
    The Bad
    1. "Pays for" the tax cuts by eliminating numerous deductions that enable Americans to lower their tax burden. The very notion that tax reduction needs to be "offset" with tax increases is rooted in the idea that the government has some moral claim to a certain percentage of your income and can never lose a penny of revenue.
    Of course, the main reason tax increases are necessary to offset is because of:
    The Ugly
    1. Even with the elimination of tax deductions, many are claiming Trump's tax plan would cause the deficit to skyrocket. Of course, we shouldn't reject Trump's tax plan out-of-hand. Instead, President Trump and Congress should work to merge tax reform with spending cuts.
    President Trump has made a good start on cutting domestic spending in his proposed budget. Unfortunately, he uses those savings to increase the already bloated "defense" budget instead of using the savings to reduce the deficit and provide meaningful tax relief for the American people.

    I agree on this, yet this is a very hard sell. People think we always need a stronger military.
    Anyone with an once of common sense knows we cannot lower taxes, then raise spending.
    Quote Originally Posted by marhig View Post
    Christian theology isn't to be in Christ.


    So, what?

    believe it!

  19. #29
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    Quote Originally Posted by jgarden View Post
    If the federal government shuts down tomorrow, it will only further highlight that the Republicans aren't ready for prime time!
    It's up to the demonrats
    1 Corinthians 15:1-2 KJV - 1 Corinthians 15:3-4 KJV -


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    Quote Originally Posted by Rusha View Post
    Of course they mean SOMETHING. Quite a lot actually. Which is why he continues to lie about being audited ...
    Yep, releasing his taxes could indeed reveal a quite lot - including...

    "How Trumpís tax proposal could impact his own business empire"

    https://www.washingtonpost.com/busin...5d5d5#comments

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